Regulatory Alerts2022-01-01
Circular No. 245 (2022): Mechanism for Processing Unupdated Facilities
The Palestine Monetary Authority issued Circular No. 245 (2022) requiring all lending institutions to process unupdated credit facilities within five working days of approval via the designated credit information system. The directive outlines specific procedures for adding undeclared facilities, repaying expired ones, correcting facility file numbers, and granting employee system access rights effective 16 October 2022. Institutions must also submit staff nominations for a training workshop on these procedures by 9 October 2022.
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